Altcoin Buzz

A three-day security conference organized by Europol, a European version of the international agency Interpol, is set to find out how to tackle “the abuse of virtual currencies for illegal activities,” reports the Financial Times.  Close to 16 cryptocurrency exchanges are expected to participate in the event which started yesterday. A Europol spokesman told the FT that the agency is looking into...

Jeremy Allaire, co-founder of Circle says "Our view is that all fiat currency will be crypto." Circle is a peer-to-peer payments technology company founded by Jeremy Allaire and Sean Neville in October 2013. The mobile payment platform Circle Pay allows users to hold, send and receive traditional fiat currencies.  In February, Circle acquired Poloniex, a US-based cryptocurrency exchange platform. "In the coming...

Circle publishes framework for releasing new assets on their platforms. The criteria categories are fundamentals, technology, people, business model, and market dynamics. In addition, they also announce that they refuse to accept money to list an asset and all added assets must pass a legal review. Circle published a framework of questions used in determining what assets will be listed...

As reported by Altcoin Buzz this morning, South Korean cryptocurrency exchange Bithumb has suspended deposits and withdrawals after losing $30 million worth of cryptocurrencies as the result of an apparent hack. The THIRD hack for Bithumb in 12 months and yet another setback for the cryptocurrency space.  Bithumb currently ranks as the world’s sixth-largest and South Korea’s second-largest cryptocurrency exchange, with a...

Earlier this month, Bloomberg published an article that discussed developments with an electricity generating company that was dealing with “unprecedented” energy demand from crypto-mining firms. The company, called Hydro-Quebec, had been trying to get the attention of crypto miners since it would allow them to use surplus energy from electric generating dams in northern Quebec. It was an attractive...

One of Asia’s largest exchanges, Bithumb was subject to another of the latest crypto heists happening this year, having more than $30 million in assets stolen from the exchange earlier today. In an open statement, @BithumbOfficial tweeted “'Notice for the temporary suspension of the deposits' Due to the increasing safety issues, we are changing our wallet system. Please do...

Good news both for the proponents of freedom of speech and cryptocurrency enthusiasts. A non-profit organization that funds and supports free speech, Freedom of the Press Foundation, has taken a decision to use cryptocurrencies, reports Fortune.com From now on the organization will accept donations in Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and ZCash. Besides, it noted that they are considering adding...

John McAfee is no stranger to various Bitcoin price predictions and has once again stated that BTC will trade at $500 000. But that is of course only if he gets elected as the President of the U.S. Previously, he stated that if it does not reach that number within three years, "I will eat my dick on national television." He did...

After the latest news about integrating Ethereum Classic, Coinbase might add more cryptocurrencies to their platform. Coinbase, one of the largest cryptocurrency exchanges with 20m users, published a blog post on June 12 saying they are aiming for integrating Ethereum Classic in the months to come. In the blog post, Coinbase says “We plan to offer support for Ethereum Classic in...

The Bank for International Settlements, a Swiss-based institution, has published a doom and gloom article Cryptocurrencies: looking beyond the hype, in which it states that cryptocurrencies may never become mainstream because of “a range of shortcomings”, reports the Star. For instance, the BIS believes that cryptocurrencies are way too unstable and electricity-consuming as well as subject to manipulation and various scams and fraud. And...